RETIREMENT PLANS

Designing a competitive retirement plan that meets the financial needs of both your organization and its employees is becoming increasingly difficult in the face of a shifting economy, new legislation surrounding defined benefit and defined contribution plans, and a multi-generational workforce with diverse preferences.

VCG can help you tackle this challenge – from the development of your plan strategy, through plan design, vendor selection, and beyond. We provide consulting for the full range of retirement plans: 401(k), 403(b), 457, profit-sharing, employee stock purchase, defined benefit, and non-qualified deferred compensation. Our consulting services include:

• Strategy
  Working with your leadership team to define the retirement plan strategy
  
  
• Plan Competitiveness
  Benchmarking plan design features relative to industry norms and comparison groups and soliciting input on plan design from your workforce
  
  
• Plan Design
  Recommending plans and plan features, which are aligned with your strategy, marketplace trends, and competitor practices
  
  
• Vendor Search and Evaluation
  Managing all aspects of the selection and due diligence processes for custodians, trustees, and recordkeepers, including the creation and distribution of Requests for Information (RFIs) and Requests for Proposals (RFPs), analysis of RFI and RFP responses, and presentation of findings and recommendations
  
  
• Fee Audits, Benchmarking, and Negotiations
  Evaluating soft and hard dollar plan expenses, conducting studies to ensure plan expenses are in line with Department of Labor guidelines and current market conditions, and renegotiating contracts
  
  
• Plan Mergers/Terminations Linked to Changes in Control
  Providing advice on retirement plan integrations/terminations as a result of mergers and acquisitions
  
  
• Communications
  Preparing employee statements and booklets, marketing the retirement plan(s), educating employees on plan features and benefits, explaining plan changes, and soliciting ongoing feedback from plan participants
  
  
• Regulatory Compliance
  Preparation of the Form 5500 Series to satisfy ERISA and Internal Revenue Code reporting requirements, preparation of the Form 990 Series to satisfy non-profit reporting requirements of the Internal Revenue Code, and performing compliance audits on an ongoing basis to ensure all policies, processes, administrative tasks, agreements, and other documents comply with applicable law

To learn more about our services, contact Leslie Schneider at lschneider@VCGConsultants.com or 770.863.3617.